Oil Search
US$ 321 million) (2020) | |
| Website | www.oilsearch.com |
|---|---|
Oil Search was the largest oil and gas exploration and development company incorporated in
oilfields. In December 2021, it merged with the Australian company Santos
.
History
Oil Search was founded in 1929.Australian Stock Exchanges.[2] It had a market capitalization of around US$12 billion.
A 17.6% interest in the company was held by the
Kurdistan region of Iraq.[2] In May 2014, ExxonMobil shipped the first cargo of liquefied natural gas (LNG) from the US$19 billion PNG LNG Project, in which Oil Search owns a 29% interest.[3]
In 2021, Oil Search agreed terms with Santos to merge, with Oil Search shareholders taking a 38.5% shareholding in Santos.[4][5] The merger took effect on 14 December 2021.[6]
References
- ^ History Oil Search
- ^ a b c d Profile at official site
- ^ "LNG news - First cargo from PNG LNG". www.lngindustry.com. Archived from the original on 27 July 2014.
- ^ Santos and Oil Search combine to create a regional champion of scale with a diversified portfolio of long-life and low-cost oil and gas assets Oil Search 10 September 2021
- ^ Santos, Oil Search agree to merge despite scrutiny in Papua New Guinea Reuters 10 September 2021
- ^ Santos and Oil Search merger becomes effective Santos 10 December 2021
External links
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